Alameda-funded bank Farmington State gets cease and desist from Fed
The liquidation of Farmington State could see FTX and Alameda creditors get back some money from the $11.5 million 2022 investment.
The liquidation of Farmington State could see FTX and Alameda creditors get back some money from the $11.5 million 2022 investment.
FDIC-insured banks were warned to report accurate numbers for insured deposits… but the warning applies to depositors and investors, too.
Tether apparently bought nearly $50M worth of commercial paper from a subsidiary of Masraf Al Rayan, a bank fined $4M by the FCA.
Before Silvergate Bank closed, Block.One founder, Brendan Blumer, Citadel, and Cathie Wood’s ARK Invest all made doomed attempts to save it.
The NYDFS has claimed that Signature Bank’s closure was prompted by a bank run and a high proportion of uninsured deposits.